Making an appearance at the 2018 iteration of Devcon4, Consensys CEO Joe Lubin went on record to say that the “next killer Ethereum app” was already in the market.

For those who may not know, Devcon is an annual gathering of ETH developers where the industry’s creme’ de la creme’ comes together to push forth ideas that help in the evolution of the Ethereum ecosystem. The latest edition of the conference was held in Prague and it saw some of the biggest crypto names talk about the future of this burgeoning industry.

Snippets From The Conference

As was to be expected, one of the main draws of the three-day conference was ETH co-founder Joe Lubin, who in his keynote address highlighted some of the core advancements that the Ether dev team had made over the course of the past 8-12 months.

In this regard, the folks over at Consensys recently published a blog post which noted:

“Reverberations from Lubin’s address are still being felt in early 2019 as Ethereum 2.0 comes into view and teams, businesses, and individuals alike prepare for the next phase of development”

Also, during his speech, Lubin remained highly optimistic about the next-generation of dApps to come out of the ETH ecosystem.

For starters, Joe Lubin pointed to a robust new suite of developer tools and protocols that had been built over the past two years (that would give devs all over the world the power to create “the next big thing” for the crypto ecosystem.)

More On The Matter

Another point that Lubin highlighted during the course of the conference was that the altcoin industry was facing “more hurdles than ever before”.

Not only that, but he also said that many pundits who have been criticizing the market for failing to create new apps just didn't understand that “cryptocurrencies themselves were the latest killer app(s)” to come out from within this niche’ space.

On the matter, Lubin also stated that Ethereum’s second iteration is now working to make the idea of ‘Web3’ a reality. If successful, Web3 will be able to help in the “enabling, creation, issuance, distribution, exchange, and management of a wide array of different crypto assets” in a seamless, hassle-free manner.

Final Take

In rounding out his talk, Lubin stated that Ethereum’s native ecosystem is poised to transform the “global economic, social, and political engine” the same way the dotcom revolution did all through the ’90s and early 2000s.